Several billionaire investors have recently shown interest in stocks such as Disney, Meta Platforms, and Alphabet. Nelson Peltz, through his Trian Fund Management, has increased his stake in Disney by over 400%, amassing 32.8 million shares worth almost $2.7 billion. Peltz aims to secure two seats on Disney’s board of directors to help the company regain its former success. This move has gained support from other activist investors, causing Disney’s stock to rise by 16%.
Meanwhile, Stephen Mandel at Lone Pine Capital and Daniel Loeb at Third Point Capital have established new stakes in Meta Platforms, the owner of Facebook, Instagram, and WhatsApp. Mandel purchased 2.8 million shares, while Loeb acquired 1.1 million shares. Despite CEO Mark Zuckerberg selling 628,000 shares over the past month, investors are advised to focus on the smart-money investors’ buying decisions rather than the CEO’s sales. Meta Platforms boasts 3.96 billion monthly active users across its platforms and has seen a 7% increase in user numbers compared to last year. The company’s stock has surged over 160% in 2023.
In the case of Alphabet, some billionaire investors have been selling their holdings, despite the company’s strong performance. Google’s advertising revenue increased by 9.5% in the latest quarter, with YouTube ads and search revenue also showing growth. Alphabet’s shares have risen by 48% year-to-date, outperforming the broader market index. The company’s diverse offerings, including cloud services and artificial intelligence, contribute to its strong position in the tech industry. While some investors have reduced their positions in Alphabet, others, such as David Tepper at Appaloosa Management, have increased their holdings.
Investors looking to follow the moves of billionaire investors may consider adding these stocks to their portfolios. However, it is essential to conduct thorough research and analysis before making any investment decisions.
